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Side-by-side financial comparison of Allegion (ALLE) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $134.3M, roughly 7.7× Mayville Engineering Company, Inc.). Allegion runs the higher net margin — 14.3% vs -3.2%, a 17.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.3%). Allegion produced more free cash flow last quarter ($200.5M vs $10.2M). Over the past eight quarters, Allegion's revenue compounded faster (7.5% CAGR vs -8.8%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
ALLE vs MEC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $134.3M |
| Net Profit | $147.5M | $-4.4M |
| Gross Margin | 44.5% | 6.8% |
| Operating Margin | 20.3% | -4.1% |
| Net Margin | 14.3% | -3.2% |
| Revenue YoY | 9.3% | 10.7% |
| Net Profit YoY | 2.4% | -127.3% |
| EPS (diluted) | $1.70 | $-0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $134.3M | ||
| Q3 25 | $1.1B | $144.3M | ||
| Q2 25 | $1.0B | $132.3M | ||
| Q1 25 | $941.9M | $135.6M | ||
| Q4 24 | $945.6M | $121.3M | ||
| Q3 24 | $967.1M | $135.4M | ||
| Q2 24 | $965.6M | $163.6M | ||
| Q1 24 | $893.9M | $161.3M |
| Q4 25 | $147.5M | $-4.4M | ||
| Q3 25 | $188.4M | $-2.7M | ||
| Q2 25 | $159.7M | $-1.1M | ||
| Q1 25 | $148.2M | $20.0K | ||
| Q4 24 | $144.1M | $16.0M | ||
| Q3 24 | $174.2M | $3.0M | ||
| Q2 24 | $155.4M | $3.8M | ||
| Q1 24 | $123.8M | $3.2M |
| Q4 25 | 44.5% | 6.8% | ||
| Q3 25 | 45.8% | 11.0% | ||
| Q2 25 | 45.6% | 10.3% | ||
| Q1 25 | 44.9% | 11.3% | ||
| Q4 24 | 44.1% | 8.9% | ||
| Q3 24 | 44.7% | 12.6% | ||
| Q2 24 | 44.4% | 13.6% | ||
| Q1 24 | 43.8% | 13.0% |
| Q4 25 | 20.3% | -4.1% | ||
| Q3 25 | 21.8% | 0.0% | ||
| Q2 25 | 21.5% | 0.1% | ||
| Q1 25 | 20.9% | 1.2% | ||
| Q4 24 | 19.5% | 19.0% | ||
| Q3 24 | 22.2% | 4.2% | ||
| Q2 24 | 21.6% | 5.0% | ||
| Q1 24 | 19.3% | 4.7% |
| Q4 25 | 14.3% | -3.2% | ||
| Q3 25 | 17.6% | -1.9% | ||
| Q2 25 | 15.6% | -0.8% | ||
| Q1 25 | 15.7% | 0.0% | ||
| Q4 24 | 15.2% | 13.2% | ||
| Q3 24 | 18.0% | 2.2% | ||
| Q2 24 | 16.1% | 2.3% | ||
| Q1 24 | 13.8% | 2.0% |
| Q4 25 | $1.70 | $-0.22 | ||
| Q3 25 | $2.18 | $-0.13 | ||
| Q2 25 | $1.85 | $-0.05 | ||
| Q1 25 | $1.71 | $0.00 | ||
| Q4 24 | $1.65 | $0.76 | ||
| Q3 24 | $1.99 | $0.14 | ||
| Q2 24 | $1.77 | $0.18 | ||
| Q1 24 | $1.41 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.2M | $1.5M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $240.7M |
| Total Assets | $5.2B | $563.6M |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $356.2M | $1.5M | ||
| Q3 25 | $302.7M | $1.2M | ||
| Q2 25 | $656.8M | $206.0K | ||
| Q1 25 | $494.5M | $183.0K | ||
| Q4 24 | $503.8M | $206.0K | ||
| Q3 24 | $878.9M | $178.0K | ||
| Q2 24 | $747.5M | $314.0K | ||
| Q1 24 | $391.8M | $314.0K |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $2.1B | $240.7M | ||
| Q3 25 | $1.9B | $244.8M | ||
| Q2 25 | $1.8B | $246.8M | ||
| Q1 25 | $1.6B | $250.0M | ||
| Q4 24 | $1.5B | $251.8M | ||
| Q3 24 | $1.6B | $238.4M | ||
| Q2 24 | $1.4B | $238.1M | ||
| Q1 24 | $1.4B | $234.0M |
| Q4 25 | $5.2B | $563.6M | ||
| Q3 25 | $5.2B | $585.6M | ||
| Q2 25 | $4.9B | $433.7M | ||
| Q1 25 | $4.6B | $447.7M | ||
| Q4 24 | $4.5B | $445.6M | ||
| Q3 24 | $5.0B | $466.0M | ||
| Q2 24 | $4.8B | $488.2M | ||
| Q1 24 | $4.3B | $499.9M |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $240.1M | $13.4M |
| Free Cash FlowOCF − Capex | $200.5M | $10.2M |
| FCF MarginFCF / Revenue | 19.4% | 7.6% |
| Capex IntensityCapex / Revenue | 3.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $685.7M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.1M | $13.4M | ||
| Q3 25 | $229.5M | $1.9M | ||
| Q2 25 | $209.7M | $15.0M | ||
| Q1 25 | $104.5M | $8.3M | ||
| Q4 24 | $219.0M | $38.0M | ||
| Q3 24 | $231.9M | $17.9M | ||
| Q2 24 | $173.0M | $23.3M | ||
| Q1 24 | $51.1M | $10.6M |
| Q4 25 | $200.5M | $10.2M | ||
| Q3 25 | $209.8M | $-1.1M | ||
| Q2 25 | $192.0M | $12.5M | ||
| Q1 25 | $83.4M | $5.4M | ||
| Q4 24 | $194.9M | $35.6M | ||
| Q3 24 | $212.0M | $15.1M | ||
| Q2 24 | $152.1M | $19.2M | ||
| Q1 24 | $23.9M | $7.8M |
| Q4 25 | 19.4% | 7.6% | ||
| Q3 25 | 19.6% | -0.8% | ||
| Q2 25 | 18.8% | 9.5% | ||
| Q1 25 | 8.9% | 4.0% | ||
| Q4 24 | 20.6% | 29.4% | ||
| Q3 24 | 21.9% | 11.1% | ||
| Q2 24 | 15.8% | 11.7% | ||
| Q1 24 | 2.7% | 4.9% |
| Q4 25 | 3.8% | 2.4% | ||
| Q3 25 | 1.8% | 2.1% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 2.5% | 1.9% | ||
| Q3 24 | 2.1% | 2.1% | ||
| Q2 24 | 2.2% | 2.5% | ||
| Q1 24 | 3.0% | 1.7% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | 416.65× | ||
| Q4 24 | 1.52× | 2.38× | ||
| Q3 24 | 1.33× | 6.03× | ||
| Q2 24 | 1.11× | 6.15× | ||
| Q1 24 | 0.41× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
